Latest news with #TrumpWarRoom
Time of India
16 hours ago
- Politics
- Time of India
Trump Excludes Gabbard, Hegseth From Secret Iran Strategy Group Amid Nuclear War Fears
President Donald Trump has reportedly removed Defense Secretary Pete Hegseth and Director of National Intelligence Tulsi Gabbard from high-level discussions surrounding the Iran-Israel conflict. Sources suggest Gabbard's opposition to claims that Iran is pursuing a nuclear weapon contributed to her exclusion. Hegseth has also been sidelined as military generals take charge of operations in the Middle East. Trump now leans on a tight inner circle, including Vice President Vance and Secretary of State Rubio, to shape Iran policy. Despite denials from officials, Gabbard's absence from key meetings and her history of challenging US intelligence assessments point to a diminished role. The White House is expected to decide within two weeks whether to support Israel's bombing campaign against Iran. The situation reveals deep divisions in Washington as nuclear fears and war rhetoric intensify.#IranIsraelCrisis #TrumpWarRoom #TulsiGabbard #PeteHegseth #MiddleEastConflict #ClusterOfPower #WhiteHouseDrama #IranNuclearCrisis #USIsraelAlliance #NationalSecurity
Yahoo
13-05-2025
- Business
- Yahoo
Trump tariffs have little impact on prices so far, defying grim forecasts
Prices climbed at an unexpectedly slow pace last month, offering a boost to President Donald Trump, whose aggressive trade policies have sparked fears of a resurgence in inflation. The Labor Department on Tuesday reported that prices rose at an annual rate of 2.3 percent, the smallest increase since early 2021. While price growth in so-called core sectors of the economy — which exclude volatile food and energy costs — remained elevated at 2.8 percent, April's Consumer Price Index contained only scant evidence that Trump's tariffs have meaningfully driven up the cost of living. 'President Trump's plan to unleash American energy, cut regulations, and slash government waste is working!' The Trump War Room, an organ for the president's political operation, posted on X after Tuesday's report. The CPI report will likely bolster the administration's claims that grim forecasts for the economy have been overblown. Most polls have Trump's approval rating underwater as voters sour on his economic policies. The report will also amplify Trump's calls for Federal Reserve Chair Jerome Powell to lower interest rates. Powell and other Fed policymakers have warned that the rapid escalation of import costs may soon cause consumer prices to spike and that the central bank needs to keep inflation at bay. And many economists still expect inflation to rebound in the coming months. Analysts at Citi say they expect the personal consumption expenditures index — the Fed's preferred inflation gauge — to climb by 3 percent by the end of the year. While that is less than their previous forecast for 3.5 percent inflation, it's still well above the Fed's annual target of 2 percent. Even though tariff rates have fallen since the administration negotiated a temporary détente with China, Fed Governor Adriana Kugler said Monday that the administration's new taxes on imports are still 'pretty high' and that she expects inflation to rise and growth to slow soon. So far, that hasn't happened. Few economists had expected that overall inflation surged last month. But there was broad anticipation that Trump's levies on Chinese imports, steel and aluminum and certain Canadian and Mexican products had caused prices for apparel, electronics and other consumer goods to spike. If anything, the opposite occurred: The cost of clothing and new cars — two areas that were highly exposed to Trump's initial levies — both fell. The price of certain electronics and consumer goods, including household furnishings, computers, photographic and audio equipment, did rise last month, but that had little effect on the general cost of goods. The primary driver of April inflation was housing-related, accounting for more than half of the overall monthly increase. 'There is some evidence of modest tariff pass-through in the April data, but it was somewhat less widespread than I had expected,' Omair Sharif, the founder of Inflation Insights, said in a client note. Inflation expectations had been increasing even before the bulk of Trump's tariffs took effect. Consumers now project prices to rise at a rate of 3.2 percent over the next three years, the New York Fed reported Friday. That's the highest monthly reading since July 2022, around the period when post-pandemic inflation was at its peak. New York Fed President John Williams, speaking at an economic conference in Reykjavik, Iceland, said over the weekend that keeping inflation expectations in check is a 'bedrock' of central banking. 'Maintaining well-anchored inflation expectations' is critical, Williams said, per Bloomberg. That's especially true 'when uncertainty is very high.'
Politico
13-05-2025
- Business
- Politico
Trump tariffs have little impact on prices so far, defying grim forecasts
Prices climbed at an unexpectedly slow pace last month, offering a boost to President Donald Trump, whose aggressive trade policies have sparked fears of a resurgence in inflation. The Labor Department on Tuesday reported that prices rose at an annual rate of 2.3 percent, the smallest increase since early 2021. While price growth in so-called core sectors of the economy — which exclude volatile food and energy costs — remained elevated at 2.8 percent, April's Consumer Price Index contained only scant evidence that Trump's tariffs have meaningfully driven up the cost of living. 'President Trump's plan to unleash American energy, cut regulations, and slash government waste is working!' The Trump War Room, an organ for the president's political operation, posted on X after Tuesday's report. The CPI report will likely bolster the administration's claims that grim forecasts for the economy have been overblown. Most polls have Trump's approval rating underwater as voters sour on his economic policies. The report will also amplify Trump's calls for Federal Reserve Chair Jerome Powell to lower interest rates. Powell and other Fed policymakers have warned that the rapid escalation of import costs may soon cause consumer prices to spike and that the central bank needs to keep inflation at bay. And many economists still expect inflation to rebound in the coming months. Analysts at Citi say they expect the personal consumption expenditures index — the Fed's preferred inflation gauge — to climb by 3 percent by the end of the year. While that is less than their previous forecast for 3.5 percent inflation, it's still well above the Fed's annual target of 2 percent. Even though tariff rates have fallen since the administration negotiated a temporary détente with China, Fed Governor Adriana Kugler said Monday that the administration's new taxes on imports are still 'pretty high' and that she expects inflation to rise and growth to slow soon. So far, that hasn't happened. Few economists had expected that overall inflation surged last month. But there was broad anticipation that Trump's levies on Chinese imports, steel and aluminum and certain Canadian and Mexican products had caused prices for apparel, electronics and other consumer goods to spike. If anything, the opposite occurred: The cost of clothing and new cars — two areas that were highly exposed to Trump's initial levies — both fell. The price of certain electronics and consumer goods, including household furnishings, computers, photographic and audio equipment, did rise last month, but that had little effect on the general cost of goods. The primary driver of April inflation was housing-related, accounting for more than half of the overall monthly increase. 'There is some evidence of modest tariff pass-through in the April data, but it was somewhat less widespread than I had expected,' Omair Sharif, the founder of Inflation Insights, said in a client note. Inflation expectations had been increasing even before the bulk of Trump's tariffs took effect. Consumers now project prices to rise at a rate of 3.2 percent over the next three years, the New York Fed reported Friday. That's the highest monthly reading since July 2022, around the period when post-pandemic inflation was at its peak. New York Fed President John Williams, speaking at an economic conference in Reykjavik, Iceland, said over the weekend that keeping inflation expectations in check is a 'bedrock' of central banking. 'Maintaining well-anchored inflation expectations' is critical, Williams said, per Bloomberg. That's especially true 'when uncertainty is very high.'
Time of India
01-05-2025
- Politics
- Time of India
White House reacts to Kamala Harris' scathing criticism of Trump in first major speech: 'We encourage...'
White House said Kamala Harris should do more public speaking. Former vice president Kamala Harris made her strongest criticism of the Donald Trump administration since her November election loss as she spoke a day after the new administration completed 100 days in office. 'They are counting on the notion that if they can make some people afraid, it will have a chilling effect on others. But what they have overlooked is that fear is not the only thing that's contagious,' Harris said. 'Courage is contagious.' Kamala Harris was speaking at the 20th anniversary gala for Emerge America, an organization that recruits and trains Democratic women to run for office. 'A vessel is being used for the swift implementation of an agenda that has been decades in the making,' Harris said. 'An agenda to slash public education. An agenda to shrink government and then privatize its services. All while giving tax breaks to the wealthiest among us.' — TrumpWarRoom (@TrumpWarRoom) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like News For Jack Nicholson, 87, He Has Been Confirmed To Be... Reportingly Undo Republicans found Kamala Harris' speech uninspiring, dull and full of word salads as Harris digressed to a viral video of elephants during an earthquake as she attempted to reply to a frequently asked question to her on how to figure out things and what's going to guide us through this moment (Trump administration). Referring to a viral video of what elephants did at the San Diego Zoo during the earthquake, Kamala Harris said the elephants got in a circle and stood next to each other to protect the most vulnerable. 'What a powerful metaphor,' she said. 'Because we know those who try to incite fear are most effective when they divide and conquer, when they separate the herd, when they try to make everyone think they are alone.' This digression made Kamala Harris a laughing stock while White House press secretary Karoline Leavitt said she speaks for everyone at the White House that Kamala Harris should do more speaking engagements. "I think I speak for everyone at the White House, we encourage Kamala Harris to continue going out and do speaking engagements," Leavitt said. Leavitt's statement came as White House deputy chief of staff Stephen Miller commented on Kamala Harris' speech and said Americans only want to hear an apology from her. "The only thing Americans want to hear from Kamala Harris is an apology for joining Joe Biden in aiding and abetting the invasion of our country ... What they did to this country is unforgivable. It is an eternal stain," Stephen Miller said.
Ottawa Citizen
26-04-2025
- Politics
- Ottawa Citizen
'Rewrite the Rules': Eric Trump promoting new 'Trump 2028' hat on social media
Article content Eric Trump is promoting a 'Trump 2028' hat as part of a new merchandise rollout from the Trump Organization's official online store. Retailing for $50, the hat features the slogan 'Rewrite the Rules.' Article content Article content It has generated significant buzz and debate because it implies a potential third presidential term for Donald Trump, despite the clear constitutional prohibition under the 22nd Amendment ratified in 1951, which states: 'No person shall be elected to the office of the President more than twice.' Article content Eric is a senior executive at the Trump Organization. He shared a photo of himself wearing the 'Trump 2028' hat on social media, publicizing the new product line. The Trump campaign's 'War Room' posted images of Eric modelling the hat, amplifying its visibility among Trump supporters and the media. Article content . @EricTrump rocking the new Trump 2028 hat! 👀🔥 — Trump War Room (@TrumpWarRoom) April 24, 2025 Article content The timing of this merchandise launch follows recent comments by Donald Trump, himself, who has openly mused about the possibility of a third term. Article content Article content In a March 2025 NBC News interview, Trump stated he was 'not joking' about the idea, claiming there are 'methods' that could theoretically allow him to pursue it. Article content The provocative nature of the hat and its slogan may be intended to energize Trump's base, generate media attention, and drive merchandise sales, which are a significant fundraising tool for the Trump Organization and political apparatus. Article content Some observers interpret the merchandise as a form of trolling or political messaging, testing the boundaries of political norms and stoking conversation about Trump's enduring influence and the possibility — however remote — of a third term. Article content Article content Notably, the hat does not specify which 'Trump' it refers to, leaving open the possibility that it could be referencing another family member's potential candidacy, though the current context and Eric Trump's promotion suggest it is about Donald Trump himself. Article content Article content Reactions to the 'Trump 2028' merchandise have been mixed and highly polarized, reflecting broader political divisions and debates about the idea of a third Trump presidential term. The merchandise has generated significant media attention, indicating strong interest regardless of the constitutional questions it raises.
